Senior accounts receivable specialist vs collections coordinator

The differences between senior accounts receivable specialists and collections coordinators can be seen in a few details. Each job has different responsibilities and duties. It typically takes 6-12 months to become both a senior accounts receivable specialist and a collections coordinator. Additionally, a senior accounts receivable specialist has an average salary of $54,494, which is higher than the $37,938 average annual salary of a collections coordinator.

The top three skills for a senior accounts receivable specialist include account reconciliations, customer accounts and reconciliations. The most important skills for a collections coordinator are customer service, patients, and phone calls.

Senior accounts receivable specialist vs collections coordinator overview

	Senior Accounts Receivable Specialist	Collections Coordinator
Yearly salary	$54,494	$37,938
Hourly rate	$26.20	$18.24
Growth rate	-8%	-8%
Number of jobs	24,817	40,113
Job satisfaction	-	-
Most common degree	Bachelor's Degree, 49%	Bachelor's Degree, 48%
Average age	46	46
Years of experience	12	12

What does a senior accounts receivable specialist do?

Senior accounts receivable specialists follow established accounts receivable and account payable policies, guidelines, control processes, and procedures. The specialists make sure that activities associated with the payables and receivables are accurate. They assist the partners of firms in terms of collecting and reporting accounts receivable balances that are already past due. It is their job to establish extensive contact with clients and partners. Also, they are responsible for tracking payments and perform banking deposits.

What does a collections coordinator do?

Usually working alongside a company's account receivables team, a collections coordinator is in charge of developing strategies to optimize the payment collection operations. Among their responsibilities include reaching out to clients through calls or correspondence to remind them of their payment obligations, arranging appointments, processing payments, arranging payment terms, and researching a client's communication information such as cellphone number, address, or email. Moreover, a collections coordinator must maintain an active communication line with staff while promoting and enforcing the company's policies and regulations.

Senior accounts receivable specialist vs collections coordinator salary

Senior accounts receivable specialists and collections coordinators have different pay scales, as shown below.

	Senior Accounts Receivable Specialist	Collections Coordinator
Average salary	$54,494	$37,938
Salary range	Between $38,000 And $78,000	Between $30,000 And $47,000
Highest paying City	Washington, DC	New York, NY
Highest paying state	Connecticut	Connecticut
Best paying company	Amkor Technology is a strategically located company with a diversified working environment. Employees mention free lunches, transportation, and lodging, and the management is good at recognizing key talents.	University of California, Berkeley
Best paying industry	Technology	Professional

Differences between senior accounts receivable specialist and collections coordinator education

There are a few differences between a senior accounts receivable specialist and a collections coordinator in terms of educational background:

	Senior Accounts Receivable Specialist	Collections Coordinator
Most common degree	Bachelor's Degree, 49%	Bachelor's Degree, 48%
Most common major	Business	Business
Most common college	-	-

Senior accounts receivable specialist vs collections coordinator demographics

Here are the differences between senior accounts receivable specialists' and collections coordinators' demographics:

	Senior Accounts Receivable Specialist	Collections Coordinator
Average age	46	46
Gender ratio	Male, 18.3% Female, 81.7%	Male, 26.6% Female, 73.4%
Race ratio	Black or African American, 14.1% Unknown, 4.1% Hispanic or Latino, 19.0% Asian, 3.8% White, 58.5% American Indian and Alaska Native, 0.5%	Black or African American, 12.1% Unknown, 4.1% Hispanic or Latino, 20.8% Asian, 3.6% White, 59.0% American Indian and Alaska Native, 0.5%
LGBT Percentage	8%	8%

Differences between senior accounts receivable specialist and collections coordinator duties and responsibilities

Senior accounts receivable specialist example responsibilities.

Manage profitable accounts receivable ledgers for existing and new clientele maintaining accuracy of monies enter to appropriate relate account.
Enter credit/debit memo, set up and process franchisees ACH.
Create and set up new financial institute bank accounts for ACH services.
Review submission of all charges and payments to include proper medical data and the appropriate CPT and ICD-9 codes.
Collect money owe to Texas Medicaid by medical providers.
Correspond with various commercial and federal insurance companies including Medicare and Medicaid.

Collections coordinator example responsibilities.

Plan and conduct sensitive HUMINT collection operations with an emphasis on managing and debriefing confidential sources.
Manage accounts receivable/payment, insurance billing and follow-up for a solo physician clinic, and direct communication with patients regarding bills.
Audit outstanding accounts and resolve any balances including calling Medicare, Medicaid, government, private or commercial insurances.
Perform daily follow-up on Medicare, Medicaid, workers compensation and commercial insurances.
Hand illustrate fully render with marker and colore pencil sketches and Photoshop render drawings.
Submit insurance appeals and provider disputes when necessary.

Senior accounts receivable specialist vs collections coordinator skills

Common senior accounts receivable specialist skills

Account Reconciliations, 6%
Customer Accounts, 6%
Reconciliations, 5%
Customer Service, 4%
Patient Accounts, 4%
Credit Card Payments, 4%

Common collections coordinator skills

Customer Service, 15%
Patients, 12%
Phone Calls, 6%
Collection Efforts, 4%
Delinquent Accounts, 4%
Appeals, 4%

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Senior Accounts Receivable Specialist
Senior Accounts Receivable Specialist vs Collections Coordinator

Updated January 8, 2025

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